On 15 January 2017, Megha and Sons consigned to Madhupal goods costing
* 20,000. They paid freight and insurance amounting to * 1,500 and drew on
Madhupal a bill for 10,000 payable after 3 months. The bill was discounted
with the bank for 9,950. On 1st July 2017, an Account Sale was received from
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Madhupal showing that of the consignment was sold for 30,000. The expenses
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of the consignee amounted to * 750 and he was to be paid commission at 7%.
A customer who had purchased goods on credit for 1,500 could not pay the
amount. You are required to prepare the important ledger accounts in the books
of the consignor and consignee.
0 505. Balacea
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very different bro. okay bye
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